Benchmark Electronics (BHE) 10-Q 8 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 07, 2019
Cover [Abstract]
Entity Central Index Key	0000863436
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Document Period End Date	Jun. 30, 2019
Entity Registrant Name	BENCHMARK ELECTRONICS, INC.
Entity File Number	1-10560
Entity Incorporation, State or Country Code	TX
Entity Tax Identification Number	74-2211011
Entity Address, Address Line One	56 South Rockford Drive
Entity Address, City or Town	Tempe
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85281
City Area Code	623
Local Phone Number	300-7000
Title of 12(b) Security	Common Stock, par value $0.10 per share
Trading Symbol	BHE
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		37,627,463

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 396,613	$ 458,102
Accounts receivable, net of allowance for doubtful accounts of $69 and $1,733, respectively	362,881	468,161
Contract assets	155,546	140,082
Inventories	316,237	309,975
Prepaid expenses and other assets	25,730	27,024
Income taxes receivable	803	206
Total current assets	1,257,810	1,403,550
Property, plant and equipment, net of accumulated depreciation of $464,244 and $460,708, respectively	202,665	210,954
Operating lease right-of-use assets	83,985	0
Goodwill	192,116	192,116
Deferred income taxes	2,269	2,478
Other, net	89,033	90,685
Total assets	1,827,878	1,899,783
Current liabilities:
Current installments of long-term debt	8,744	6,793
Accounts payable	372,106	422,053
Income taxes payable	7,894	10,435
Accrued liabilities	98,916	97,878
Total current liabilities	487,660	537,159
Long-term debt, less current installments	143,115	147,277
Operating lease liabilities	73,878	0
Other long-term liabilities	63,696	68,799
Deferred income taxes	14,479	14,323
Shareholders' equity:
Preferred stock, $0.10 par value; 5,000 shares authorized, none issued	0	0
Common stock, $0.10 par value; 145,000 shares authorized; issued and outstanding - 37,679 and 41,357, respectively	3,768	4,136
Additional paid-in capital	516,663	554,939
Retained earnings	539,743	584,274
Accumulated other comprehensive loss	(15,124)	(11,124)
Total shareholders' equity	1,045,050	1,132,225
Commitments and contingencies
Total liabilities and shareholders' equity	$ 1,827,878	$ 1,899,783

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Condensed Consolidated Balance Sheets [Abstract]
Allowance for doubtful accounts, accounts receivable	$ 69	$ 1,733
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment	$ 464,244	$ 460,708
Preferred shares, par value		$ 0.10
Preferred shares, shares authorized	5,000	5,000
Preferred shares, issued
Common stock, par value		$ 0.10
Common stock, shares authorized	145,000	145,000
Common stock, issued	37,679	41,357
Common stock, outstanding	37,679	41,357

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Condensed Consolidated Statements Of Income (Loss) [Abstract]
Net sales	$ 601,602	$ 660,591	$ 1,204,422	$ 1,268,727
Cost of sales	548,604	606,292	1,097,624	1,156,110
Gross profit	52,998	54,299	106,798	112,617
Selling, general and administrative expenses	35,282	35,825	69,052	71,575
Amortization of intangible assets	2,361	2,367	4,728	4,733
Restructuring charges and other costs	3,414	1,758	4,990	3,993
Income from operations	11,941	14,349	28,028	32,316
Interest expense	(1,718)	(2,293)	(3,327)	(4,721)
Interest income	1,053	1,645	2,350	3,578
Other income (expense)	808	(355)	2,412	(312)
Income before income taxes	12,084	13,346	29,463	30,861
Income tax expense	2,637	2,403	6,243	43,559
Net income (loss)	$ 9,447	$ 10,943	$ 23,220	$ (12,698)
Earnings (loss) per share:
Basic	$ 0.25	$ 0.23	$ 0.59	$ (0.26)
Diluted	$ 0.24	$ 0.23	$ 0.58	$ (0.26)
Weighted-average number of shares outstanding:
Basic	38,426	47,451	39,522	47,981
Diluted	38,583	47,631	39,843	47,981

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Consolidated Statements Of Comprehensive Income [Abstract]
Net income (loss)	$ 9,447	$ 10,943	$ 23,220	$ (12,698)
Other comprehensive income (loss):
Foreign currency translation adjustments	585	(2,652)	(248)	(1,320)
Unrealized gain on investments, net of tax	0	41	0	41
Unrealized gain (loss) on derivative, net of tax	(2,261)	244	(3,546)	1,077
Other	(191)	0	(206)	0
Other comprehensive loss	(1,867)	(2,367)	(4,000)	(202)
Comprehensive income (loss)	$ 7,580	$ 8,576	$ 19,220	$ (12,900)

Consolidated Statements Of Shar

Consolidated Statements Of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
Balances, shares at Dec. 31, 2017	49,143	49,143
Balances, value at Dec. 31, 2017	$ 1,339,138	$ 4,914	$ 634,192	$ 708,181	$ (8,149)
Stock-based compensation expense	$ 5,405	$ 0	5,405	0	0
Shares repurchased and retired, shares	(2,174)	(2,174)
Shares repurchased and retired, value	$ (75,868)	$ (217)	(34,183)	(41,468)	0
Stock options exercised, shares	182	182
Stock options exercised, value	$ 3,377	$ 18	3,359	0	0
Vesting of restricted stock units, shares	209	209
Vesting of restricted stock units, value	$ 0	$ 21	(21)	0	0
Shares withheld for taxes, shares	(26)	(26)
Shares withheld for taxes, value	$ (771)	$ (3)	(768)	0	0
Dividends declared	(14,236)	0	0	(14,236)	0
Net income (loss)	(12,698)	0	0	(12,698)	0
Other comprehensive loss	$ (202)	$ 0	0	0	(202)
Balances, shares at Jun. 30, 2018	47,334	47,334
Balances, value at Jun. 30, 2018	$ 1,244,145	$ 4,733	607,984	639,779	(8,351)
Balances, shares at Mar. 31, 2018	47,572	47,572
Balances, value at Mar. 31, 2018	$ 1,247,331	$ 4,757	608,092	640,466	(5,984)
Stock-based compensation expense	$ 2,535	$ 0	2,535	0	0
Shares repurchased and retired, shares	(263)	(263)
Shares repurchased and retired, value	$ (7,487)	$ (26)	(2,931)	(4,530)	0
Stock options exercised, shares	14	14
Stock options exercised, value	$ 298	$ 1	297	0	0
Vesting of restricted stock units, shares	11	11
Vesting of restricted stock units, value	$ 0	$ 1	(1)	0	0
Shares withheld for taxes, shares	0	0
Shares withheld for taxes, value	$ (8)	$ 0	(8)	0	0
Dividends declared	(7,100)	0	0	(7,100)	0
Net income (loss)	10,943	0	0	10,943	0
Other comprehensive loss	$ (2,367)	$ 0	0	0	(2,367)
Balances, shares at Jun. 30, 2018	47,334	47,334
Balances, value at Jun. 30, 2018	$ 1,244,145	$ 4,733	607,984	639,779	(8,351)
Balances, shares at Dec. 31, 2018	41,357	41,357
Balances, value at Dec. 31, 2018	$ 1,132,225	$ 4,136	554,939	584,274	(11,124)
Stock-based compensation expense	$ 5,720	$ 0	5,720	0	0
Shares repurchased and retired, shares	(3,908)	(3,908)
Shares repurchased and retired, value	$ (100,039)	$ (391)	(43,424)	(56,224)	0
Stock options exercised, shares	33	33
Stock options exercised, value	$ 693	$ 3	690	0	0
Vesting of restricted stock units, shares	242	242
Vesting of restricted stock units, value	$ 0	$ 24	(24)	0	0
Shares withheld for taxes, shares	(45)	(45)
Shares withheld for taxes, value	$ (1,242)	$ (4)	(1,238)	0	0
Dividends declared	(11,527)	0	0	(11,527)	0
Net income (loss)	23,220	0	0	23,220	0
Other comprehensive loss	$ (4,000)	$ 0	0	0	(4,000)
Balances, shares at Jun. 30, 2019	37,679	37,679
Balances, value at Jun. 30, 2019	$ 1,045,050	$ 3,768	516,663	539,743	(15,124)
Balances, shares at Mar. 31, 2019	39,169	39,169
Balances, value at Mar. 31, 2019	$ 1,078,725	$ 3,917	530,261	557,804	(13,257)
Stock-based compensation expense	$ 2,948	$ 0	2,948	0	0
Shares repurchased and retired, shares	(1,525)	(1,525)
Shares repurchased and retired, value	$ (38,959)	$ (152)	(16,951)	(21,856)	0
Stock options exercised, shares	20	20
Stock options exercised, value	$ 414	$ 2	412	0	0
Vesting of restricted stock units, shares	15	15
Vesting of restricted stock units, value	$ 0	$ 1	(1)	0	0
Shares withheld for taxes, shares	0	0
Shares withheld for taxes, value	$ (6)	$ 0	(6)	0	0
Dividends declared	(5,652)	0	0	(5,652)	0
Net income (loss)	9,447	0	0	9,447	0
Other comprehensive loss	$ (1,867)	$ 0	0	0	(1,867)
Balances, shares at Jun. 30, 2019	37,679	37,679
Balances, value at Jun. 30, 2019	$ 1,045,050	$ 3,768	$ 516,663	$ 539,743	$ (15,124)

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net income (loss)	$ 23,220	$ (12,698)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	18,420	19,373
Amortization	5,705	5,710
Provision for doubtful accounts	(1,462)	0
Deferred income taxes	1,555	10,936
Asset impairments	834	96
Gain on the sale of property, plant and equipment	(25)	(116)
Stock-based compensation expense	5,720	5,405
Leases	574	0
Changes in operating assets and liabilities, net of effects from business acquisition:
Accounts receivable	106,749	(8,980)
Contract assets	(15,464)	(1,735)
Inventories	(6,327)	(52,063)
Prepaid expenses and other assets	1,559	1,966
Accounts payable	(49,428)	23,103
Accrued liabilities	(13,243)	(16,025)
Income taxes	(9,615)	8,846
Net cash provided by (used in) operations	68,772	(16,182)
Cash flows from investing activities:
Proceeds from sales of investments at par	50	522
Additions to property, plant and equipment	(14,163)	(36,708)
Proceeds from the sale of property, plant and equipment	28	137
Additions to purchased software	(1,332)	(1,655)
Business acquisitions, net of cash acquired	0	(2,731)
Other	(29)	(129)
Net cash used in investing activities	(15,446)	(40,564)
Cash flows from financing activities:
Proceeds from stock options exercised	693	3,377
Employee taxes paid for shares withheld	(1,242)	(771)
Dividends paid	(12,079)	(7,136)
Borrowings under credit agreement	0	50,000
Principal payments on long-term debt	(2,441)	(59,121)
Share repurchases	(100,039)	(65,868)
Equity forward contract related to accelerated share repurchase	0	(10,000)
Net cash used in financing activities	(115,108)	(89,519)
Effect of exchange rate changes	293	(642)
Net decrease in cash and cash equivalents	(61,489)	(146,907)
Cash and cash equivalents at beginning of year	458,102	742,546
Cash and cash equivalents at end of period	$ 396,613	$ 595,639

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2019
Basis of Presentation [Abstract]
Basis of Presentation	Note 1 – Basis of Presentation Benchmark Electronics, Inc. (the Company) is a Texas corporation that provides innovative product design, engineering services, technology solutions and advanced manufacturing services. From initial product concept to volume production, including direct order fulfillment and aftermarket services, the Company has been providing integrated services and solutions to original equipment manufacturers (OEMs) since 1979. The Company serves the following industries: aerospace and defense (A&D), medical technologies, complex industrials, semiconductor capital equipment (Semi-Cap), next-generation telecommunications and advanced computing. The Company has manufacturing operations located in the United States and Mexico (the Americas), Asia and Europe. The unaudited condensed consolidated financial statements included herein have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). The financial statements reflect all normal and recurring adjustments necessary in the opinion of management for a fair presentation of the financial position, results of operations and cash flows for the interim periods presented. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and notes included in the Company’s annual report on Form 10-K for the year ended December 31, 2018 (the 2018 10-K). Management has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these financial statements in accordance with generally accepted accounting principles in the United States (U.S. GAAP). Actual results could differ from those estimates and assumptions.

Impact Of Recently Enacted Acco

Impact Of Recently Enacted Accounting Standards	6 Months Ended
	Jun. 30, 2019
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
Impact of Recently Enacted Accounting Standards	Note 2 – New Accounting Pronouncements Adopted in 2019 In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842) , amended by ASU 2018-01, Land Easement Practical Expedient for Transition to ASU 842 , ASU No. 2018-10, Codification Improvements to ASU 842 and ASU No. 2018-11, Targeted Improvements . The new standard established a right-to-use model (ROU) that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. The Company adopted this standard on its effective date of January 1, 2019 using the effective date as its date of initial application under the modified retrospective approach. Therefore, financial information for prior periods were not restated. Management elected the package of practical expedients in transition for leases that commenced prior to January 1, 2019, which permits the Company to carry forward its original assessment about lease identification, lease classification and initial directs costs. For all new and modified leases after adoption, management elected the short-term lease recognition exemption for all of the Company’s leases that qualify , in addition to the practical expedient to not separate lease and nonlease components. Lease assets and liabilities are initially recognized based on the present value of lease payments over the lease term calculated using our incremental borrowing rate, unless the implicit rate is readily determinable. Lease assets also include any upfront lease payments made and exclude lease incentives. Lease terms include options to extend or terminate the lease when it is reasonably certain that those options will be exercised. Leases are classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. See Note 19. Not Yet Adopted In June 2016, the FASB issued an accounting standards update, which replaces the current incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. This update is effective for annual reporting periods beginning after December 15, 2019. The Company does not expect the implementation of this update to have a material impact on its consolidated financial position, results of operations or cash flows, and will adopt this update effective January 1, 2020. The Company has determined that other recently issued accounting standards will either have no material impact on its consolidated financial position, results of operations or cash flows, or will not apply to its operations.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2019
Revenue From Contract With Customer [Abstract]
Revenue	Note 3 – Revenue The Company’s revenues are generated primarily from the sale of manufactured products built to customer specifications. The Company also generates revenue from design, development and engineering services, in addition to the sale of other inventory. Revenue is measured based on consideration specified in a contract with a customer. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a manufactured product to a customer. The Company’s contracts with customers are generally short-term in nature. Customers are generally billed when the product is shipped or as services are performed. Under the majority of the Company’s manufacturing contracts with customers, the customer controls all of the work-in-progress as products are being built. Revenues under these contracts are recognized progressively based on the cost-to-cost method. For other manufacturing contracts, the customer does not take control of the product until it is completed. Under these contracts, the Company recognizes revenue upon transfer of control of product to the customer. Revenue from design, development and engineering services is recognized over time as the services are performed. The Company assumes no significant obligations after shipment as it typically warrants workmanship only. Therefore, the warranty provisions are generally not significant. If the Company records revenue, but does not issue an invoice, a contract asset is recognized. The contract asset is transferred to accounts receivable when the entitlement to payment becomes unconditional. Taxes assessed by governmental authorities that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as fulfillment costs and are included in cost of sales. Disaggregation of revenue In the following tables, revenue is disaggregated by market sector. The tables also include a reconciliation of the disaggregated revenue with the reportable operating segments. Reportable Operating Segments Three Months Ended June 30, 2019 (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 43,618 $ 51,645 $ 19,401 $ 114,664 A&D 98,523 — 8,442 106,965 Medical 67,962 41,446 4,779 114,187 Semi-Cap 26,139 23,726 12,585 62,450 Computing 119,907 12,731 52 132,690 Telecommunication 34,855 35,375 416 70,646 External revenue 391,004 164,923 45,675 601,602 Elimination of intersegment sales 13,158 9,247 223 22,628 Segment revenue $ 404,162 $ 174,170 $ 45,898 $ 624,230 Six Months Ended June 30, 2019 Americas Asia Europe Total Market Sector: Industrials $ 86,386 $ 107,227 $ 37,424 $ 231,037 A&D 194,860 — 15,994 210,854 Medical 126,374 81,904 9,387 217,665 Semi-Cap 54,538 48,469 25,464 128,471 Computing 230,174 26,741 85 257,000 Telecommunication 77,629 80,631 1,135 159,395 External revenue 769,961 344,972 89,489 1,204,422 Elimination of intersegment sales 26,259 16,607 369 43,235 Segment revenue $ 796,220 $ 361,579 $ 89,858 $ 1,247,657 Reportable Operating Segments Three Months Ended June 30, 2018 (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 43,948 $ 57,437 $ 16,711 $ 118,096 A&D 93,254 — 6,923 100,177 Medical 59,476 34,101 3,152 96,729 Semi-Cap 47,556 41,552 17,185 106,293 Computing 141,417 17,528 1,692 160,637 Telecommunication 41,147 36,907 605 78,659 External revenue 426,798 187,525 46,268 660,591 Elimination of intersegment sales 7,480 10,103 87 17,670 Segment revenue $ 434,278 $ 197,628 $ 46,355 $ 678,261 Six Months Ended June 30, 2018 Americas Asia Europe Total Market Sector: Industrials $ 96,635 $ 112,224 $ 34,885 $ 243,744 A&D 181,049 — 15,247 196,296 Medical 114,468 72,364 6,971 193,803 Semi-Cap 93,586 80,785 34,297 208,668 Computing 227,638 32,428 4,109 264,175 Telecommunication 85,541 74,992 1,508 162,041 External revenue 798,917 372,793 97,017 1,268,727 Elimination of intersegment sales 14,146 19,957 134 34,237 Segment revenue $ 813,063 $ 392,750 $ 97,151 $ 1,302,964 For the six months ended June 30, 2019 and 2018, 92% and 95%, respectively, of the Company’s revenue was recognized as products and services transferred over time.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2019
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note 4 – Stock-Based Compensation The Company’s 2019 Omnibus Incentive Compensation Plan (the 2019 Plan) was approved by shareholders on May 15, 2019 and replaced the Company’s 2010 Omnibus Incentive Compensation Plan (the 2010 Plan). The 2010 Plan terminated upon shareholder approval of the 2019 Plan and no further awards will be granted under the 2010 Plan. The 2010 Plan will continue to govern awards previously granted under the 2010 Plan. The Company’s 2019 Plan authorizes the Company, upon approval of the Compensation Committee of the Board of Directors, to grant a variety of awards, including stock options, restricted share awards and restricted stock units (both time-based and performance-based) and other forms of equity awards, or any combination thereof, to any director, officer, employee or consultant (including any prospective director, officer, employee or consultant) of the Company. Stock options (which have not been awarded since 2015) are granted to employees with an exercise price equal to the market price of the Company’s common stock on the date of grant, generally vest over a 4-year period from the date of grant and have a term of 10 years. Time-based restricted stock units granted to employees generally vest over a 4-year period from the date of grant, subject to the continued employment of the employee by the Company. Performance-based restricted stock units generally vest over a 3-year performance cycle, which includes the year of the grant, and are based upon the Company’s achievement of specified performance metrics. Awards under the 2010 Plan to non-employee directors were in the form of restricted stock units, which vested in equal quarterly installments over a 1-year period, starting on the grant date. Awards under the 2019 Plan to non-employee directors have been in the form of restricted stock units, which vest one-year from the grant date. As of June 30, 2019 , 3.2 million additional shares of common stock were available for issuance under the Company’s 2019 Plan. All share-based payments to employees, including grants of employee stock options, are recognized in the financial statements based on their grant date fair values. The total compensation cost recognized for stock-based awards was $ 2.9 million and $ 5.7 million for the three and six months ended June 30, 2019, respectively, and $ 2.5 million and $ 5.4 million for the three and six months ended June 30, 2018, respectively. The total income tax benefit recognized in the condensed income statements for stock-based awards was $ 0.7 million and $ 1.4 million for the three and six months ended June 30, 2019, respectively, and $ 0.6 million and $ 1.3 million for the three and six months ended June 30, 2018, respectively. Awards of restricted stock units and performance-based restricted stock units are valued at the closing market price of the Company’s common stock on the date of grant. For performance-based restricted stock units, compensation expense is based on the probability that the performance goals will be achieved, which is monitored by management throughout the requisite service period. When it becomes probable, based on the Company’s expectation of performance during the measurement period, that more or less than the previous estimate of the awarded shares will vest, an adjustment to stock-based compensation expense is recognized as a change in accounting estimate. As of June 30, 2019, the unrecognized compensation cost and remaining weighted-average amortization related to stock-based awards were as follows: Performance- Time-based based Restricted Restricted Stock Stock (in thousands, except remaining period data) Units Units (1) Unrecognized compensation cost $ 23,128 $ 5,925 Remaining weighted-average amortization period 2.7 years 1.8 years (1) The total cash received by the Company as a result of stock option exercises for the six months ended June 30, 2019 and 2018 was approximately $ 0.7 million and $ 3.4 million, respectively. The actual tax benefit realized as a result of stock option exercises and the vesting of other share-based awards during the six months ended June 30, 2019 and 2018 was $ 1.6 million and $ 1.9 million, respectively. For the six months ended June 30, 2019 and 2018, the total intrinsic value of stock options exercised was $ 0.2 million and $ 2.2 million, respectively. The Company awarded performance-based restricted stock units to employees during the six months ended June 30, 2019 and 2018. The number of performance-based restricted stock units that will ultimately be earned will not be determined until the end of the corresponding performance periods, and may vary from as low as zero to as high as 2.5 times the target number depending on the level of achievement of certain performance goals. The level of achievement of these goals is based upon the financial results of the Company for the last full calendar year within the performance period. The performance goals consist of certain levels of achievement using the following financial metrics: revenue growth, operating margin expansion, and return on invested capital. If the performance goals are not met based on the Company’s financial results, the applicable performance-based restricted stock units will not vest and will be forfeited. Shares subject to forfeited performance-based restricted stock units will be available for issuance under the Company’s 2019 Plan. The following table summarizes activities relating to the Company’s stock options: Weighted- Weighted- Average Aggregate Number of Average Remaining Intrinsic Options Exercise Contractual Value (in thousands) Price Term (Years) (in thousands) Outstanding as of December 31, 2018 374 $ 20.35 Exercised ( 40) 22.03 Forfeited or expired ( 2) 23.07 Outstanding as of June 30, 2019 332 $ 20.13 3.76 $ 1,657 Exercisable as of June 30, 2019 332 $ 20.13 3.76 $ 1,657 The aggregate intrinsic value in the table above is before income taxes and is calculated as the difference between the exercise price of the underlying options and the Company’s closing stock price as of the last business day of the period ended June 30, 2019 for options that had exercise prices that were below the closing price. As of June 30, 2019 and December 31, 2018, the Company had no restricted shares outstanding. Restricted stock units, time-based and performance-based, remain outstanding as detailed below. The following table summarizes the activities related to the Company’s time-based restricted stock units: Weighted- Number of Average Units Grant Date (in thousands) Fair Value Non-vested awards outstanding as of December 31, 2018 595 $ 28.93 Granted 585 27.41 Vested ( 185) 27.74 Forfeited ( 44) 29.51 Non-vested awards outstanding as of June 30, 2019 951 $ 28.19 The following table summarizes the activities related to the Company’s performance-based restricted stock units: Weighted- Number of Average Units Grant Date (in thousands) Fair Value Non-vested awards outstanding as of December 31, 2018 319 $ 29.19 Granted (1) 188 27.51 Vested ( 57) 31.40 Forfeited ( 74) 21.01 Non-vested awards outstanding as of June 30, 2019 376 $ 28.96 (1)

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Note 5 – Earnings Per Share Basic earnings per share is computed using the weighted-average number of shares outstanding. Diluted earnings per share is computed using the weighted-average number of shares outstanding adjusted for the incremental shares attributed to outstanding stock equivalents. Stock equivalents include common stock issuable upon the exercise of stock options and other equity instruments, and are computed using the treasury stock method. Under the treasury stock method, the exercise price of a share and the amount of compensation cost, if any, for future service that the Company has not yet recognized are assumed to be used to repurchase shares in the current period. The following table sets forth the calculation of basic and diluted earnings per share: Three Months Ended Six Months Ended June 30, June 30, (in thousands, except per share data) 2019 2018 2019 2018 Net income (loss) $ 9,447 $ 10,943 $ 23,220 $ ( 12,698) Denominator for basic earnings per share - weighted-average number of common shares outstanding during the period 38,426 47,451 39,522 47,981 Incremental common shares attributable to exercise of dilutive options 74 116 75 — Incremental common shares attributable . to outstanding restricted stock units 83 64 246 — Denominator for diluted earnings per share 38,583 47,631 39,843 47,981 Basic earnings (loss) per share $ 0.25 $ 0.23 $ 0.59 $ ( 0.26) Diluted earnings (loss) per share $ 0.24 $ 0.23 $ 0.58 $ ( 0.26) Restricted stock units totaling 0.4 million and 0.1 million shares, respectively, for the three and six months ended June 30, 2019 were not included in the computation of diluted earnings per share because their effect would have been anti-dilutive. Potentially dilutive securities totaling 0.3 million common shares for the six months ended June 30, 2018 were not included in the computation of diluted loss per share because their effect would have decreased the loss per share.

Goodwill And Other Intangible A

Goodwill And Other Intangible Assets	6 Months Ended
	Jun. 30, 2019
Goodwill And Other Intangible Assets [Abstract]
Goodwill And Other Intangible Assets	Note 6 – Goodwill and Other Intangible Assets Goodwill allocated to the Company’s reportable segments was as follows: (in thousands) Americas Asia Total Goodwill as of December 31, 2018 and June 30, 2019 $ 154,014 $ 38,102 $ 192,116 Other assets consist primarily of acquired identifiable intangible assets and capitalized purchased software costs. Intangible assets as of June 30, 2019 and December 31, 2018 were as follows: As of June 30, 2019 Gross Net Carrying Accumulated Carrying (in thousands) Amount Amortization Amount Customer relationships $ 100,138 $ ( 43,825) $ 56,313 Purchased software costs 40,399 ( 31,371) 9,028 Technology licenses 28,800 ( 22,550) 6,250 Trade names and trademarks 7,800 — 7,800 Other 868 ( 297) 571 Total $ 178,005 $ ( 98,043) $ 79,962 As of December 31, 2018 Gross Net Carrying Accumulated Carrying (in thousands) Amount Amortization Amount Customer relationships $ 100,146 $ ( 40,661) $ 59,485 Purchased software costs 39,069 ( 30,626) 8,443 Technology licenses 28,800 ( 21,006) 7,794 Trade names and trademarks 7,800 — 7,800 Other 868 ( 285) 583 Total $ 176,683 $ ( 92,578) $ 84,105 Customer relationships are being amortized on a straight-line basis over a period of 10 to 14 years. Capitalized purchased software costs are amortized straight-line over the estimated useful life of the related software, which ranges from 2 to 10 years. Technology licenses are being amortized over their estimated useful lives in proportion to the economic benefits consumed. The Company’s acquired trade names and trademarks have been determined to have an indefinite life. Amortization on the statements of cash flow for the six months ended June 30, 2019 and 2018 was as follows: Six Months Ended June 30, (in thousands) 2019 2018 Amortization of intangible assets $ 4,728 $ 4,733 Amortization of capitalized purchased software costs 747 540 Amortization of debt costs 230 437 $ 5,705 $ 5,710 The estimated future amortization expense of acquired intangible assets for each of the next five years is as follows (in thousands): Year ending December 31, Amount 2019 (remaining six months) $ 5,733 2020 10,706 2021 7,699 2022 7,621 2023 6,463

Borrowing Facilities

Borrowing Facilities	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Borrowing Facilities	Note 7 – Borrowing Facilities On July 20, 2018, the Company entered into a $ 650 million credit agreement (the Credit Agreement) by and among the Company, certain of its subsidiaries, the lenders party thereto and Bank of America, N.A., as Administrative Agent, Swingline Lender and a L/C Issuer. The Credit Agreement is comprised of a 5-year $ 500 million revolving credit facility (the Revolving Credit Facility) and a 5-year $ 150 million term loan facility (the Term Loan Facility), both with a maturity date of July 20, 2023. The Term Loan Facility proceeds were used to (i) refinance a portion of existing indebtedness and terminate all commitments under the Company’s prior $430 million credit agreement and (ii) pay the fees, costs and expenses associated with the foregoing and the negotiation, execution and delivery of the Credit Agreement. The Revolving Credit Facility is available for general corporate purposes. The Credit Agreement includes an accordion feature pursuant to which the Company is permitted to add one or more incremental term loan and/or increase commitments under the Revolving Credit Facility in an aggregate amount not exceeding $ 275 million, subject to the satisfaction of certain conditions. The Term Loan Facility is payable in quarterly principal installments of $ 1.9 million with the balance payable on July 20, 2023. Interest on outstanding borrowings under the Credit Agreement (other than swingline loans) accrues, at the Company’s option, at (a) the London Interbank Offered Rate (LIBOR) plus 1.0% to 2.0% or (b) the base rate plus 0.0% to 1.0%. As of June 30, 2019, $ 148.1 million of the outstanding debt under the Credit Agreement is effectively at a fixed interest rate as a result of a $ 148.1 million notional interest rate swap contract discussed in Note 16. A commitment fee of 0.20% to 0.30% per annum (based on the debt to EBITDA ratio) on the unused portion of the revolving credit line is payable quarterly in arrears. The Credit Agreement is generally secured by a pledge of (a) all 65% of the capital stock of its directly owned foreign subsidiaries, (b) all or substantially all other personal property of Benchmark and its domestic subsidiaries (including, but not limited to, accounts receivable, contract assets, inventory, intellectual property and fixed assets of Benchmark and its domestic subsidiaries), in each case, subject to customary exceptions and limitations, and (c) all proceeds and products of the property and assets described in (a) and (b) above. The Credit Agreement contains certain financial covenants as to interest coverage and debt leverage, and certain customary affirmative and negative covenants, including restrictions on the Company’s ability to incur additional debt and liens, pay dividends, repurchase shares, sell assets and merge or consolidate with other persons. Amounts due under the Credit Agreement could be accelerated upon specified events of default, including a failure to pay amounts due, breach of a covenant, material inaccuracy of a representation, or occurrence of bankruptcy or insolvency, subject, in some cases, to cure periods. As of June 30, 2019, the Company was in compliance with all of these covenants and restrictions. As of June 30, 2019, the Company had $ 148.1 million in borrowings outstanding under the Term Loan Facility and $ 3.0 million in letters of credit outstanding under the Revolving Credit Facility. The Company had $ 497.0 million available for future borrowings under the Revolving Credit Facility. The Company’s Thailand subsidiary has a multi-purpose credit facility with Kasikornbank Public Company Limited (the Thai Credit Facility) that provides for 350 million Thai baht (approximately $ 11.4 million) working capital availability. The Thai Credit Facility is secured by land and buildings in Thailand owned by the Company’s Thailand subsidiary. Availability of funds under the Thai Credit Facility is reviewed annually and is currently accessible through October 2020

Contract Assets

Contract Assets	6 Months Ended
	Jun. 30, 2019
Contract With Customer Asset And Liability [Abstract]
Contract assets	Note 8 – Contract Assets As of June 30, 2019 and December 31, 2018, the Company had $ 155.5 million and $ 140.1 million, respectively, in contract receivables from contracts with customers. The contract receivables primarily relate to the Company’s right to consideration for work completed but not billed at the reporting date. The contract receivables are transferred to accounts receivable when the rights become unconditional. Significant changes in the contract asset balance during the period are as follows: Six Months Ended June 30, (in thousands) 2019 2018 Beginning balance as of December 31, $ 140,082 $ 146,496 Revenue recognized 1,109,396 1,179,105 Amounts collected or invoiced ( 1,093,932) ( 1,177,370) Ending balance as of June 30, $ 155,546 $ 148,231

Inventories

Inventories	6 Months Ended
	Jun. 30, 2019
Inventories [Abstract]
Inventories	Note 9 – Inventories Inventory costs are summarized as follows: June 30, December 31, (in thousands) 2019 2018 Raw materials $ 305,235 $ 300,439 Work in process 6,631 7,321 Finished goods 4,371 2,215 $ 316,237 $ 309,975

Accounts Receivable Sale Progra

Accounts Receivable Sale Program	6 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Accounts Receivable Sales Program	Note 10 – Accounts Receivable Sale Program As of June 30, 2019, in connection with two trade accounts receivable sale programs with unaffiliated financial institutions, the Company may elect to sell, at a discount, on an ongoing basis, up to a maximum of $ 120.0 million of specific accounts receivable at any one time. During the three months ended June 30, 2019 and 2018, the Company sold $ 77.7 million and $ 40.0 million, respectively, of accounts receivable under this program, and in exchange, the Company received cash proceeds of $ 77.4 million and $ 39.9 million, respectively, net of the discount. During the six months ended June 30, 2019 and 2018, the Company sold $ 130.6 million and $ 80.0 million, respectively, of accounts receivable under this program, and in exchange, the Company received cash proceeds of $ 130.2 million and $ 79.8 million, respectively, net of the discount. The loss on the sale resulting from the discount was recorded to other expense within the Condensed Consolidated Statements of Income.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2019
Income Taxes [Abstract]
Income Taxes	Note 11 – Income Taxes Income tax expense consists of the following: Six Months Ended June 30, (in thousands) 2019 2018 Federal – current $ 62 $ ( 81) Foreign – current 3,747 24,992 State – current 879 7,712 Deferred 1,555 10,936 $ 6,243 $ 43,559 The U.S. Tax Cuts and Jobs Act (U.S. Tax Reform), which was signed into law on December 22, 2017, significantly changed U.S. tax law by, among other things, lowering corporate income tax rates, implementing a territorial tax system, adding a global intangible taxation regime and imposing a transition (Transition Tax) tax on deemed repatriated cumulative earnings of foreign subsidiaries. To minimize tax base erosion with a territorial tax system, the U.S. Tax Reform enacted a new global intangible low-taxed income (GILTI) provision that requires the Company to include in its U.S. income tax return foreign subsidiary earnings in excess of an allowable return on the foreign subsidiaries tangible assets. The taxable earnings can be offset by a limited deemed paid foreign tax credit with no carrybacks or carryforwards available. The Company is subject to the GILTI provisions. The Company elected to account for the GILTI as a period cost and include the effect in the period in which it is incurred and not include it as a factor in the determination of deferred taxes. As of December 31, 2018, the Company had approximately $ 330 million in cumulative undistributed foreign earnings of its foreign subsidiaries. These earnings would not be subject to U.S. income tax, if distributed to the Company. The Company has changed its assertion on its foreign subsidiaries earnings that are permanently reinvested. A certain amount of earnings from specific foreign subsidiaries are permanently reinvested, and certain foreign earnings from other specific foreign subsidiaries is considered to be non-permanently reinvested and is available for immediate distribution to the Company. Income taxes have been accrued on the non-permanently reinvested foreign earnings including the 2017 Transition Tax, the U.S. tax on GILTI, and any applicable local withholding taxes. As a result of this change in assertion for undistributed earnings prior to December 31, 2017, the Company recorded $ 30.7 million of deferred tax expense for foreign withholding tax from Asia and $ 9.4 million of deferred U.S. state income tax expense in the first three months of 2018. Excluding the impact of these items, income tax expense differs from the amount computed by applying the U.S. federal statutory income tax rate to income before income taxes primarily due to the mix of taxable income by taxing jurisdiction, the impact of tax incentives and tax holidays in foreign locations, state income taxes (net of federal benefit) and the U.S. tax under GILTI. The Company has been granted certain tax incentives, including tax holidays, for its subsidiaries in Malaysia and Thailand that will expire at various dates, unless extended or otherwise renegotiated, through 2021 in Malaysia and 2028 in Thailand, and are subject to certain conditions with which the Company expects to comply. The net impact of these tax incentives was to lower income tax expense for the six months ended June 30, 2019 and 2018 by approximately $ 3.0 million (approximately $ 0.08 per dilutedshare) and $ 6.6 million (approximately $ 0.14 per diluted share), respectively, as follows: Six Months Ended June 30, (in thousands) 2019 2018 China $ — $ 969 Malaysia 1,486 2,551 Thailand 1,542 3,070 $ 3,028 $ 6,590 The Company’s Chinese subsidiary had a tax incentive that expired in 2018 and has submitted an application for a new tax incentive in China during the third quarter of 2019. As of June 30, 2019, the total amount of the reserve for uncertain tax benefits including interest and penalties was $ 0.4 million. The reserve is classified as a current or long-term liability in the condensed consolidated balance sheets based on the Company’s expectation of when the items will be settled. The Company records interest expense and penalties accrued in relation to uncertain income tax benefits as a component of current income tax expense. The amount of accrued potential interest and penalties on unrecognized tax benefits included in the reserve as of June 30, 2019 was $ 0.1 million. The Company and its subsidiaries in Brazil, China, Ireland, Malaysia, Mexico, the Netherlands, Romania, Singapore, Thailand and the United States remain open to examination by the various local taxing authorities, in total or in part, for fiscal years 2012 to 2018. Currently, the Company does not have any ongoing income tax examinations by any jurisdiction. During the course of such income tax examinations, disputes may occur as to matters of fact or law. Also, in most tax jurisdictions, the passage of time without examination will result in the expiration of applicable statutes of limitations thereby precluding examination of the tax period(s) for which such statute of limitation has expired. The Company believes that it has adequately provided for its tax liabilities.

Segment And Geographic Informat

Segment And Geographic Information	6 Months Ended
	Jun. 30, 2019
Segment And Geographic Information [Abstract]
Segment And Geographic Information	Note 12 – Segment and Geographic Information The Company currently has manufacturing facilities in the Americas, Asia and Europe to serve its customers. The Company is operated and managed geographically, and management evaluates performance and allocates the Company’s resources on a geographic basis. Intersegment sales are generally recorded at prices that approximate arm’s length transactions. Operating segments’ measure of profitability is based on income from operations, which includes net sales to third parties, related cost of sales and operating expenses directly attributable to the segment. The operating margin of each segment reflects the cost structure of the segments and are not comparable. The accounting policies for the reportable operating segments are the same as for the Company taken as a whole. The Company has three reportable operating segments: Americas, Asia and Europe. Information about operating segments is as follows: Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2019 2018 2019 2018 Net sales: Americas $ 404,162 $ 434,278 $ 796,220 $ 813,063 Asia 174,170 197,628 361,579 392,750 Europe 45,898 46,355 89,858 97,151 Elimination of intersegment sales ( 22,628) ( 17,670) ( 43,235) ( 34,237) $ 601,602 $ 660,591 $ 1,204,422 $ 1,268,727 Depreciation and amortization: Americas $ 5,296 $ 5,816 $ 10,677 $ 11,425 Asia 2,732 2,871 5,543 5,693 Europe 758 900 1,572 1,784 Corporate 3,167 3,112 6,333 6,181 $ 11,953 $ 12,699 $ 24,125 $ 25,083 Income from operations: Americas $ 17,332 $ 15,522 $ 37,560 $ 32,259 Asia 13,072 16,829 28,457 34,478 Europe 2,284 2,200 3,224 5,195 Corporate and intersegment eliminations ( 20,747) ( 20,202) ( 41,213) ( 39,616) $ 11,941 $ 14,349 $ 28,028 $ 32,316 Other income (expense): Interest expense ( 1,718) ( 2,293) ( 3,327) ( 4,721) Interest income 1,053 1,645 2,350 3,578 Other income (expense) 808 ( 355) 2,412 ( 312) Income before income taxes $ 12,084 $ 13,346 $ 29,463 $ 30,861 Capital expenditures: Americas $ 2,947 $ 12,545 $ 7,700 $ 25,394 Asia 1,098 2,937 3,936 8,650 Europe 343 630 731 1,652 Corporate 1,033 1,374 3,128 2,667 $ 5,421 $ 17,486 $ 15,495 $ 38,363 June 30, December 31, (in thousands) 2019 2018 Total assets: Americas $ 808,824 $ 852,776 Asia 543,801 540,094 Europe 135,214 113,165 Corporate and other 340,039 393,748 $ 1,827,878 $ 1,899,783 Geographic net sales information reflects the destination of the product shipped. Long-lived assets information is based upon the physical location of the asset. Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2019 2018 2019 2018 Geographic net sales: United States $ 416,465 $ 449,598 $ 834,829 $ 841,565 Asia 91,745 115,914 178,369 222,905 Europe 65,048 73,040 138,393 153,581 Other Foreign 28,344 22,039 52,831 50,676 $ 601,602 $ 660,591 $ 1,204,422 $ 1,268,727 June 30, December 31, 2019 2018 Long-lived assets: United States $ 248,272 $ 190,056 Asia 79,193 79,051 Europe 21,220 9,537 Other 26,998 22,945 $ 375,683 $ 301,589

Supplemental Cash Flow And Non-

Supplemental Cash Flow And Non-Cash Information	6 Months Ended
	Jun. 30, 2019
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow and Non-Cash Information	Note 13 – Supplemental Cash Flow and Non-Cash Information The following information concerns supplemental disclosures of cash payments. Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2019 2018 2019 2018 Income taxes paid, net $ 12,042 $ 22,336 $ 14,284 $ 23,752 Interest paid 2,032 2,062 4,022 4,318 Non-cash investing activity: Additions to property, plant and equipment in accounts payable $ 5,660 $ 5,960

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2019
Contingencies [Abstract]
Contingencies	Note 14 – Contingencies The Company is involved in various legal actions arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Company’s consolidated financial position or results of operations.

Restructuring Charges

Restructuring Charges	6 Months Ended
	Jun. 30, 2019
Restructuring Charges [Abstract]
Restructuring Charges	Note 15 – Restructuring Charges The Company has undertaken initiatives to restructure its business operations to improve utilization and realize cost savings. These initiatives have included changing the number and location of production facilities, largely to align capacity and infrastructure with current and anticipated customer demand. This alignment includes transferring programs from higher cost geographies to lower cost geographies. The process of restructuring entails moving production between facilities, reducing staff levels, realigning our business processes, reorganizing our management and other activities. The Company recognized restructuring charges during 2019 and 2018 primarily related to facility transitions in the Americas, capacity reduction and reductions in workforce in certain facilities across various regions. The following table summarizes the 2019 activity in the accrued restructuring balances related to the restructuring activities initiated prior to June 30, 2019: Balance as of Foreign Balance as of December 31, Restructuring Cash Non-Cash Exchange June 30, (in thousands) 2018 Charges Payment Activity Adjustments 2019 2019 Restructuring: Severance $ — $ 579 $ ( 579) — $ — $ — Other exit costs — 1,294 ( 425) ( 834) — 35 — 1,873 ( 1,004) ( 834) — 35 2018 Restructuring: Severance 282 — ( 282) — — — Other exit costs 918 461 ( 1,379) — — — 1,200 461 ( 1,661) — — — 2017 Restructuring: Other exit costs 135 — ( 124) — ( 4) 7 135 — ( 124) — ( 4) 7 Total $ 1,335 $ 2,334 $ ( 2,789) ( 834) $ ( 4) $ 42

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2019
Fair Value [Abstract]
Fair Value	Note 16 – Fair Value Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. A three-tier fair value hierarchy of inputs is employed to determine fair value measurements.  Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets and liabilities.  Level 2 inputs are observable prices that are not quoted on active exchanges, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.  Level 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities. This hierarchy requires the Company to use observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. The Company’s financial instruments include cash equivalents, accounts and other receivables, accounts payable, accrued liabilities and long-term debt. The Company believes that the carrying values of these instruments approximate fair value. The Company uses derivative instruments to manage the variability of foreign currency obligations and interest rates. The Company does not enter into derivatives for speculative purposes. The forward currency exchange contract in place as of June 30, 2019 has not been designated as an accounting hedge and, therefore, changes in fair value are recorded within the Condensed Consolidated Statements of Income. The Company has an interest rate swap agreement, with a notional amount of $ 148.1 million as of June 30, 2019 and December 31, 2018, to hedge a portion of its interest rate exposure on outstanding borrowings under the Credit Agreement. Under this interest rate swap agreement, the Company receives variable rate interest payments based on the one-month LIBOR rate and pays fixed rate interest payments. The fixed interest rate for the contract is 2.928%. The effect of this swap is to convert a portion of the floating rate interest expense to fixed interest rate expense. Based on the terms of the interest rate swap contract and the underlying borrowings outstanding under the Credit Agreement, the interest rate contract was determined to be highly effective, and thus qualifies and has been designated as a cash flow hedge. As such, changes in the fair value of the interest rate swap are recorded in other comprehensive income on the accompanying Condensed Consolidated Balance Sheets until earnings are affected by the variability of cash flows. The fair value of the interest rate swap was a $ 7.0 million liability as of June 30, 2019 and a $ 3.0 million liability as of December 31, 2018. During the six months ended June 30, 2019, the Company recorded unrealized loss of $ 4.0 million ($ 3.0 million net of tax) on the swap in other comprehensive income. As of December 31, 2017, the Company had an interest rate swap agreement with a notional amount of $ 155.3 million with a fixed interest rate of 1.4935% which was terminated in October 2018 for $ 3.5 million. This gain is being amortized to offset interest expense over the original term of the swap agreement. During the six months ended June 30, 2019, the Company transferred unrealized gains of $ 0.8 million ($ 0.6 million net of tax) on the terminated swap to interest expense. See Note 17.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2019
Comprehensive Income Net Of Tax [Abstract]
Accumulated Other Comprehensive Loss	Note 17 – Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss by component were as follows: Foreign currency Derivative translation instruments, (in thousands) adjustments net of tax Other Total Balances, December 31, 2018 $ ( 11,840) $ 116 $ 600 $ ( 11,124) Other comprehensive loss before reclassifications ( 248) ( 2,971) ( 176) ( 3,395) Amounts reclassified from accumulated other comprehensive loss — ( 575) ( 30) ( 605) Net current period other comprehensive loss ( 248) ( 3,546) ( 206) ( 4,000) Balances, June 30, 2019 $ ( 12,088) $ ( 3,430) $ 394 $ ( 15,124) See Note 16 for further explanation of the change in derivative instruments that is recorded to Accumulated Other Comprehensive Loss. Amounts reclassified from accumulated other comprehensive loss during 2019 primarily affected interest expense and selling, general and administrative expenses.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Shareholders' Equity	Note 18 – Shareholders’ Equity Dividends The Company began declaring and paying quarterly dividends during the first quarter of 2018. For the six months ended June 30, 2019, cash dividends paid totaled $ 12.1 million. On June 13, 2019, the Company declared a quarterly cash dividend of $ 0.15 per share of the Company’s common stock to shareholders of record as of June 28, 2019. The dividend in the aggregate amount of $ 5.7 million was paid on July 12, 2019. The Board of Directors currently intends to continue paying quarterly dividends. However, the Company’s future dividend policy is subject to the Company’s compliance with applicable law, and depending on, among other things, the Company’s results of operations, financial condition, level of indebtedness, capital requirements, contractual restrictions, restrictions in the Company’s debt agreements, and other factors that the Board of Directors may deem relevant. Dividend payments are not mandatory or guaranteed; there can be no assurance that the Company will continue to pay a dividend in the future. Share Repurchase Authorization On October 26, 2018, the Board of Directors authorized the repurchase of $ 100 million of the Company’s common stock in addition to the $ 250 million previously approved on March 6, 2018. As of June 30, 2019, the Company had $ 101.5 million remaining under the stock repurchase authorization.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	Note 19 – Leases The Company determines if a contract is or contains a lease at inception. The Company has entered into leases for certain facilities, vehicles and other equipment. The Company’s leases consist mainly of operating leases which expire at various dates through 2036. Variable lease payments are generally expensed as incurred and include certain index-based changes in rent, certain nonlease components, such as maintenance and other services provided by the lessor, and other charges included in the lease. The components of lease expense were as follows: Three Months Ended Six Months Ended (in thousands) June 30, 2019 Finance lease cost: Amortization of right-to-use assets (included in depreciation expense) $ 178 $ 356 Interest on lease liabilities 141 287 Operating lease cost 4,232 8,680 Short-term lease cost 121 321 Variable lease cost 371 737 Total lease cost $ 5,043 $ 10,381 Six Months Ended June 30, 2019 Other information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for finance lease $ 303 Operating cash flows used for operating leases $ 7,447 Financing cash flows used for finance lease $ 566 Right-to-use assets obtained in exchange for new operating lease liabilities $ 15,206 The lease assets and liabilities as of June 30, 2019 were as follows (in thousands): June 30, 2019 Finance lease right-of-assets (included in other assets) $ 2,667 Operating lease right-of-use assets $ 83,985 Finance liability, current (included in current installments of long-term debt) $ 1,244 Finance lease liability, noncurrent (included in long-term debt) $ 4,338 Operating lease liability, current (included in other accrued liabilities) $ 11,737 Operating lease liability, noncurrent $ 73,878 Weighted average remaining lease term – finance leases 3.8 years Weighted average remaining lease term – operating leases 10.3 years Weighted average discount rate – finance leases 10.1% Weighted average discount rate – operating leases 4.7% Future annual minimum lease payments and finance lease commitments as of June 30, 2019 were as follows (in thousands): Operating Finance Year ending December 31, Leases Leases 2,019 (remaining six months) $ 7,785 $ 877 2020 14,544 1,781 2021 12,236 1,816 2022 10,512 1,853 2023 9,892 465 2,024 and thereafter 55,185 — Total minimum lease payments $ 110,154 $ 6,792 Less: imputed interest ( 24,539) ( 1,210) Present value of lease liabilities $ 85,615 $ 5,582 As of June 30, 2019 , the Company’s future operating leases that have not yet commenced are immaterial. Future annual minimum lease payments and capital lease commitments in effect as of December 31, 2018 having a noncancelable term in excess of one year as determined prior to the adoption of ASU 842 were as follows (in thousands): Operating Capital Year ending December 31, Leases Leases 2019 $ 15,272 $ 1,746 2020 14,518 1,781 2021 12,203 1,816 2022 10,466 1,853 2023 9,890 465 Thereafter 47,868 — Total minimum lease payments $ 110,217 $ 7,661 Less: amount representing interest 1,514 Present value of minimum lease payments 6,147 Less: current installments 1,168 Capital lease obligations, less current installments $ 4,979

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Revenue Recognition	Note 3 – Revenue The Company’s revenues are generated primarily from the sale of manufactured products built to customer specifications. The Company also generates revenue from design, development and engineering services, in addition to the sale of other inventory. Revenue is measured based on consideration specified in a contract with a customer. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a manufactured product to a customer. The Company’s contracts with customers are generally short-term in nature. Customers are generally billed when the product is shipped or as services are performed. Under the majority of the Company’s manufacturing contracts with customers, the customer controls all of the work-in-progress as products are being built. Revenues under these contracts are recognized progressively based on the cost-to-cost method. For other manufacturing contracts, the customer does not take control of the product until it is completed. Under these contracts, the Company recognizes revenue upon transfer of control of product to the customer. Revenue from design, development and engineering services is recognized over time as the services are performed. The Company assumes no significant obligations after shipment as it typically warrants workmanship only. Therefore, the warranty provisions are generally not significant. If the Company records revenue, but does not issue an invoice, a contract asset is recognized. The contract asset is transferred to accounts receivable when the entitlement to payment becomes unconditional. Taxes assessed by governmental authorities that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as fulfillment costs and are included in cost of sales.
Leases	Note 2 – New Accounting Pronouncements Adopted in 2019 In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842) , amended by ASU 2018-01, Land Easement Practical Expedient for Transition to ASU 842 , ASU No. 2018-10, Codification Improvements to ASU 842 and ASU No. 2018-11, Targeted Improvements . The new standard established a right-to-use model (ROU) that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. The Company adopted this standard on its effective date of January 1, 2019 using the effective date as its date of initial application under the modified retrospective approach. Therefore, financial information for prior periods were not restated. Management elected the package of practical expedients in transition for leases that commenced prior to January 1, 2019, which permits the Company to carry forward its original assessment about lease identification, lease classification and initial directs costs. For all new and modified leases after adoption, management elected the short-term lease recognition exemption for all of the Company’s leases that qualify , in addition to the practical expedient to not separate lease and nonlease components. Lease assets and liabilities are initially recognized based on the present value of lease payments over the lease term calculated using our incremental borrowing rate, unless the implicit rate is readily determinable. Lease assets also include any upfront lease payments made and exclude lease incentives. Lease terms include options to extend or terminate the lease when it is reasonably certain that those options will be exercised. Leases are classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. See Note 19.
Separation of Lease and Nonlease Components	For all new and modified leases after adoption, management elected the short-term lease recognition exemption for all of the Company’s leases that qualify , in addition to the practical expedient to not separate lease and nonlease components.
Short Term Leases	For all new and modified leases after adoption, management elected the short-term lease recognition exemption for all of the Company’s leases that qualify

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2019
Revenue From Contract With Customer [Abstract]
Disaggregation of revenue	Disaggregation of revenue In the following tables, revenue is disaggregated by market sector. The tables also include a reconciliation of the disaggregated revenue with the reportable operating segments. Reportable Operating Segments Three Months Ended June 30, 2019 (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 43,618 $ 51,645 $ 19,401 $ 114,664 A&D 98,523 — 8,442 106,965 Medical 67,962 41,446 4,779 114,187 Semi-Cap 26,139 23,726 12,585 62,450 Computing 119,907 12,731 52 132,690 Telecommunication 34,855 35,375 416 70,646 External revenue 391,004 164,923 45,675 601,602 Elimination of intersegment sales 13,158 9,247 223 22,628 Segment revenue $ 404,162 $ 174,170 $ 45,898 $ 624,230 Six Months Ended June 30, 2019 Americas Asia Europe Total Market Sector: Industrials $ 86,386 $ 107,227 $ 37,424 $ 231,037 A&D 194,860 — 15,994 210,854 Medical 126,374 81,904 9,387 217,665 Semi-Cap 54,538 48,469 25,464 128,471 Computing 230,174 26,741 85 257,000 Telecommunication 77,629 80,631 1,135 159,395 External revenue 769,961 344,972 89,489 1,204,422 Elimination of intersegment sales 26,259 16,607 369 43,235 Segment revenue $ 796,220 $ 361,579 $ 89,858 $ 1,247,657 Reportable Operating Segments Three Months Ended June 30, 2018 (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 43,948 $ 57,437 $ 16,711 $ 118,096 A&D 93,254 — 6,923 100,177 Medical 59,476 34,101 3,152 96,729 Semi-Cap 47,556 41,552 17,185 106,293 Computing 141,417 17,528 1,692 160,637 Telecommunication 41,147 36,907 605 78,659 External revenue 426,798 187,525 46,268 660,591 Elimination of intersegment sales 7,480 10,103 87 17,670 Segment revenue $ 434,278 $ 197,628 $ 46,355 $ 678,261 Six Months Ended June 30, 2018 Americas Asia Europe Total Market Sector: Industrials $ 96,635 $ 112,224 $ 34,885 $ 243,744 A&D 181,049 — 15,247 196,296 Medical 114,468 72,364 6,971 193,803 Semi-Cap 93,586 80,785 34,297 208,668 Computing 227,638 32,428 4,109 264,175 Telecommunication 85,541 74,992 1,508 162,041 External revenue 798,917 372,793 97,017 1,268,727 Elimination of intersegment sales 14,146 19,957 134 34,237 Segment revenue $ 813,063 $ 392,750 $ 97,151 $ 1,302,964

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule Of Unrecognized Compensation Cost And Remaining Weighted-Average Amortization Stock-Based Awards	As of June 30, 2019, the unrecognized compensation cost and remaining weighted-average amortization related to stock-based awards were as follows: Performance- Time-based based Restricted Restricted Stock Stock (in thousands, except remaining period data) Units Units (1) Unrecognized compensation cost $ 23,128 $ 5,925 Remaining weighted-average amortization period 2.7 years 1.8 years (1)
Summary Of Stock Options	The following table summarizes activities relating to the Company’s stock options: Weighted- Weighted- Average Aggregate Number of Average Remaining Intrinsic Options Exercise Contractual Value (in thousands) Price Term (Years) (in thousands) Outstanding as of December 31, 2018 374 $ 20.35 Exercised ( 40) 22.03 Forfeited or expired ( 2) 23.07 Outstanding as of June 30, 2019 332 $ 20.13 3.76 $ 1,657 Exercisable as of June 30, 2019 332 $ 20.13 3.76 $ 1,657
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary Of Stock-Based Awards	As of June 30, 2019 and December 31, 2018, the Company had no restricted shares outstanding. Restricted stock units, time-based and performance-based, remain outstanding as detailed below. The following table summarizes the activities related to the Company’s time-based restricted stock units: Weighted- Number of Average Units Grant Date (in thousands) Fair Value Non-vested awards outstanding as of December 31, 2018 595 $ 28.93 Granted 585 27.41 Vested ( 185) 27.74 Forfeited ( 44) 29.51 Non-vested awards outstanding as of June 30, 2019 951 $ 28.19
Performance-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary Of Stock-Based Awards	The following table summarizes the activities related to the Company’s performance-based restricted stock units: Weighted- Number of Average Units Grant Date (in thousands) Fair Value Non-vested awards outstanding as of December 31, 2018 319 $ 29.19 Granted (1) 188 27.51 Vested ( 57) 31.40 Forfeited ( 74) 21.01 Non-vested awards outstanding as of June 30, 2019 376 $ 28.96 (1)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Earnings per Share	The following table sets forth the calculation of basic and diluted earnings per share: Three Months Ended Six Months Ended June 30, June 30, (in thousands, except per share data) 2019 2018 2019 2018 Net income (loss) $ 9,447 $ 10,943 $ 23,220 $ ( 12,698) Denominator for basic earnings per share - weighted-average number of common shares outstanding during the period 38,426 47,451 39,522 47,981 Incremental common shares attributable to exercise of dilutive options 74 116 75 — Incremental common shares attributable . to outstanding restricted stock units 83 64 246 — Denominator for diluted earnings per share 38,583 47,631 39,843 47,981 Basic earnings (loss) per share $ 0.25 $ 0.23 $ 0.59 $ ( 0.26) Diluted earnings (loss) per share $ 0.24 $ 0.23 $ 0.58 $ ( 0.26)

Goodwill And Other Intangible_2

Goodwill And Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill And Other Intangible Assets [Abstract]
Goodwill Rollforward	Goodwill allocated to the Company’s reportable segments was as follows: (in thousands) Americas Asia Total Goodwill as of December 31, 2018 and June 30, 2019 $ 154,014 $ 38,102 $ 192,116
Schedule Of Intangible Assets	Intangible assets as of June 30, 2019 and December 31, 2018 were as follows: As of June 30, 2019 Gross Net Carrying Accumulated Carrying (in thousands) Amount Amortization Amount Customer relationships $ 100,138 $ ( 43,825) $ 56,313 Purchased software costs 40,399 ( 31,371) 9,028 Technology licenses 28,800 ( 22,550) 6,250 Trade names and trademarks 7,800 — 7,800 Other 868 ( 297) 571 Total $ 178,005 $ ( 98,043) $ 79,962 As of December 31, 2018 Gross Net Carrying Accumulated Carrying (in thousands) Amount Amortization Amount Customer relationships $ 100,146 $ ( 40,661) $ 59,485 Purchased software costs 39,069 ( 30,626) 8,443 Technology licenses 28,800 ( 21,006) 7,794 Trade names and trademarks 7,800 — 7,800 Other 868 ( 285) 583 Total $ 176,683 $ ( 92,578) $ 84,105
Schedule Of Amortization Expense	Amortization on the statements of cash flow for the six months ended June 30, 2019 and 2018 was as follows: Six Months Ended June 30, (in thousands) 2019 2018 Amortization of intangible assets $ 4,728 $ 4,733 Amortization of capitalized purchased software costs 747 540 Amortization of debt costs 230 437 $ 5,705 $ 5,710
Schedule Of Estimated Future Amortization Expense	The estimated future amortization expense of acquired intangible assets for each of the next five years is as follows (in thousands): Year ending December 31, Amount 2019 (remaining six months) $ 5,733 2020 10,706 2021 7,699 2022 7,621 2023 6,463

Contract Assets (Tables)

Contract Assets (Tables)	6 Months Ended
	Jun. 30, 2019
Contract With Customer Asset And Liability [Abstract]
Changes In Contract Assets	Significant changes in the contract asset balance during the period are as follows: Six Months Ended June 30, (in thousands) 2019 2018 Beginning balance as of December 31, $ 140,082 $ 146,496 Revenue recognized 1,109,396 1,179,105 Amounts collected or invoiced ( 1,093,932) ( 1,177,370) Ending balance as of June 30, $ 155,546 $ 148,231

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2019
Inventories [Abstract]
Schedule Of Inventory Costs	Note 9 – Inventories Inventory costs are summarized as follows: June 30, December 31, (in thousands) 2019 2018 Raw materials $ 305,235 $ 300,439 Work in process 6,631 7,321 Finished goods 4,371 2,215 $ 316,237 $ 309,975

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2019
Income Taxes [Abstract]
Schedule Of Income Tax Expense	Note 11 – Income Taxes Income tax expense consists of the following: Six Months Ended June 30, (in thousands) 2019 2018 Federal – current $ 62 $ ( 81) Foreign – current 3,747 24,992 State – current 879 7,712 Deferred 1,555 10,936 $ 6,243 $ 43,559
Schedule Of Tax Incentives	The net impact of these tax incentives was to lower income tax expense for the six months ended June 30, 2019 and 2018 by approximately $ 3.0 million (approximately $ 0.08 per dilutedshare) and $ 6.6 million (approximately $ 0.14 per diluted share), respectively, as follows: Six Months Ended June 30, (in thousands) 2019 2018 China $ — $ 969 Malaysia 1,486 2,551 Thailand 1,542 3,070 $ 3,028 $ 6,590

Segment And Geographic Inform_2

Segment And Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2019
Segment And Geographic Information [Abstract]
Schedule Of Operating Segments	Information about operating segments is as follows: Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2019 2018 2019 2018 Net sales: Americas $ 404,162 $ 434,278 $ 796,220 $ 813,063 Asia 174,170 197,628 361,579 392,750 Europe 45,898 46,355 89,858 97,151 Elimination of intersegment sales ( 22,628) ( 17,670) ( 43,235) ( 34,237) $ 601,602 $ 660,591 $ 1,204,422 $ 1,268,727 Depreciation and amortization: Americas $ 5,296 $ 5,816 $ 10,677 $ 11,425 Asia 2,732 2,871 5,543 5,693 Europe 758 900 1,572 1,784 Corporate 3,167 3,112 6,333 6,181 $ 11,953 $ 12,699 $ 24,125 $ 25,083 Income from operations: Americas $ 17,332 $ 15,522 $ 37,560 $ 32,259 Asia 13,072 16,829 28,457 34,478 Europe 2,284 2,200 3,224 5,195 Corporate and intersegment eliminations ( 20,747) ( 20,202) ( 41,213) ( 39,616) $ 11,941 $ 14,349 $ 28,028 $ 32,316 Other income (expense): Interest expense ( 1,718) ( 2,293) ( 3,327) ( 4,721) Interest income 1,053 1,645 2,350 3,578 Other income (expense) 808 ( 355) 2,412 ( 312) Income before income taxes $ 12,084 $ 13,346 $ 29,463 $ 30,861 Capital expenditures: Americas $ 2,947 $ 12,545 $ 7,700 $ 25,394 Asia 1,098 2,937 3,936 8,650 Europe 343 630 731 1,652 Corporate 1,033 1,374 3,128 2,667 $ 5,421 $ 17,486 $ 15,495 $ 38,363 June 30, December 31, (in thousands) 2019 2018 Total assets: Americas $ 808,824 $ 852,776 Asia 543,801 540,094 Europe 135,214 113,165 Corporate and other 340,039 393,748 $ 1,827,878 $ 1,899,783
Schedule Of Geographic Net Sales And Long-Lived Assets	Geographic net sales information reflects the destination of the product shipped. Long-lived assets information is based upon the physical location of the asset. Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2019 2018 2019 2018 Geographic net sales: United States $ 416,465 $ 449,598 $ 834,829 $ 841,565 Asia 91,745 115,914 178,369 222,905 Europe 65,048 73,040 138,393 153,581 Other Foreign 28,344 22,039 52,831 50,676 $ 601,602 $ 660,591 $ 1,204,422 $ 1,268,727 June 30, December 31, 2019 2018 Long-lived assets: United States $ 248,272 $ 190,056 Asia 79,193 79,051 Europe 21,220 9,537 Other 26,998 22,945 $ 375,683 $ 301,589

Supplemental Cash Flow and No_2

Supplemental Cash Flow and Non-Cash Information (Tables)	6 Months Ended
	Jun. 30, 2019
Supplemental Cash Flow Information [Abstract]
Schedule Of Supplemental Cash Flow and Non-Cash Information	Note 13 – Supplemental Cash Flow and Non-Cash Information The following information concerns supplemental disclosures of cash payments. Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2019 2018 2019 2018 Income taxes paid, net $ 12,042 $ 22,336 $ 14,284 $ 23,752 Interest paid 2,032 2,062 4,022 4,318 Non-cash investing activity: Additions to property, plant and equipment in accounts payable $ 5,660 $ 5,960

Restructuring Charges (Tables)

Restructuring Charges (Tables)	6 Months Ended
	Jun. 30, 2019
Restructuring Charges [Abstract]
Schedule Of Accrued Restructuring	The following table summarizes the 2019 activity in the accrued restructuring balances related to the restructuring activities initiated prior to June 30, 2019: Balance as of Foreign Balance as of December 31, Restructuring Cash Non-Cash Exchange June 30, (in thousands) 2018 Charges Payment Activity Adjustments 2019 2019 Restructuring: Severance $ — $ 579 $ ( 579) — $ — $ — Other exit costs — 1,294 ( 425) ( 834) — 35 — 1,873 ( 1,004) ( 834) — 35 2018 Restructuring: Severance 282 — ( 282) — — — Other exit costs 918 461 ( 1,379) — — — 1,200 461 ( 1,661) — — — 2017 Restructuring: Other exit costs 135 — ( 124) — ( 4) 7 135 — ( 124) — ( 4) 7 Total $ 1,335 $ 2,334 $ ( 2,789) ( 834) $ ( 4) $ 42

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2019
Comprehensive Income Net Of Tax [Abstract]
Schedule Of Accumulated Other Comprehensive Loss	The changes in accumulated other comprehensive loss by component were as follows: Foreign currency Derivative translation instruments, (in thousands) adjustments net of tax Other Total Balances, December 31, 2018 $ ( 11,840) $ 116 $ 600 $ ( 11,124) Other comprehensive loss before reclassifications ( 248) ( 2,971) ( 176) ( 3,395) Amounts reclassified from accumulated other comprehensive loss — ( 575) ( 30) ( 605) Net current period other comprehensive loss ( 248) ( 3,546) ( 206) ( 4,000) Balances, June 30, 2019 $ ( 12,088) $ ( 3,430) $ 394 $ ( 15,124)

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Components of lease expense, and lease assets and liabilities	The components of lease expense were as follows: Three Months Ended Six Months Ended (in thousands) June 30, 2019 Finance lease cost: Amortization of right-to-use assets (included in depreciation expense) $ 178 $ 356 Interest on lease liabilities 141 287 Operating lease cost 4,232 8,680 Short-term lease cost 121 321 Variable lease cost 371 737 Total lease cost $ 5,043 $ 10,381 Six Months Ended June 30, 2019 Other information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for finance lease $ 303 Operating cash flows used for operating leases $ 7,447 Financing cash flows used for finance lease $ 566 Right-to-use assets obtained in exchange for new operating lease liabilities $ 15,206 The lease assets and liabilities as of June 30, 2019 were as follows (in thousands): June 30, 2019 Finance lease right-of-assets (included in other assets) $ 2,667 Operating lease right-of-use assets $ 83,985 Finance liability, current (included in current installments of long-term debt) $ 1,244 Finance lease liability, noncurrent (included in long-term debt) $ 4,338 Operating lease liability, current (included in other accrued liabilities) $ 11,737 Operating lease liability, noncurrent $ 73,878 Weighted average remaining lease term – finance leases 3.8 years Weighted average remaining lease term – operating leases 10.3 years Weighted average discount rate – finance leases 10.1% Weighted average discount rate – operating leases 4.7%
Future annual minimum lease payments and finance lease commitments	Future annual minimum lease payments and finance lease commitments as of June 30, 2019 were as follows (in thousands): Operating Finance Year ending December 31, Leases Leases 2,019 (remaining six months) $ 7,785 $ 877 2020 14,544 1,781 2021 12,236 1,816 2022 10,512 1,853 2023 9,892 465 2,024 and thereafter 55,185 — Total minimum lease payments $ 110,154 $ 6,792 Less: imputed interest ( 24,539) ( 1,210) Present value of lease liabilities $ 85,615 $ 5,582 Future annual minimum lease payments and capital lease commitments in effect as of December 31, 2018 having a noncancelable term in excess of one year as determined prior to the adoption of ASU 842 were as follows (in thousands): Operating Capital Year ending December 31, Leases Leases 2019 $ 15,272 $ 1,746 2020 14,518 1,781 2021 12,203 1,816 2022 10,466 1,853 2023 9,890 465 Thereafter 47,868 — Total minimum lease payments $ 110,217 $ 7,661 Less: amount representing interest 1,514 Present value of minimum lease payments 6,147 Less: current installments 1,168 Capital lease obligations, less current installments $ 4,979

New Accounting Pronouncements -

New Accounting Pronouncements - Narrative (Details)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Lease, Practical Expedients, Package [true false]	true
Lessee Operating Lease Option To Extend	Lease terms include options to extend or terminate the lease when it is reasonably certain that those options will be exercised.
Lessee, Operating Lease, Option to Terminate	Lease terms include options to extend or terminate the lease when it is reasonably certain that those options will be exercised.
Lessee, Operating Lease, Existence of Option to Extend [true false]	true
Lessee, Operating Lease, Existence of Option to Terminate [true false]	true

Revenue (Disaggregation of reve

Revenue (Disaggregation of revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 624,230	$ 678,261	$ 1,247,657	$ 1,302,964
Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	601,602	660,591	1,204,422	1,268,727
Operating Segments [Member] | Industrials Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	114,664	118,096	231,037	243,744
Operating Segments [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	106,965	100,177	210,854	196,296
Operating Segments [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	114,187	96,729	217,665	193,803
Operating Segments [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	62,450	106,293	128,471	208,668
Operating Segments [Member] | Computing Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	132,690	160,637	257,000	264,175
Operating Segments [Member] | Telecommunications Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	70,646	78,659	159,395	162,041
Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	22,628	17,670	43,235	34,237
Americas [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	404,162	434,278	796,220	813,063
Americas [Member] | Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	391,004	426,798	769,961	798,917
Americas [Member] | Operating Segments [Member] | Industrials Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	43,618	43,948	86,386	96,635
Americas [Member] | Operating Segments [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	98,523	93,254	194,860	181,049
Americas [Member] | Operating Segments [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	67,962	59,476	126,374	114,468
Americas [Member] | Operating Segments [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	26,139	47,556	54,538	93,586
Americas [Member] | Operating Segments [Member] | Computing Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	119,907	141,417	230,174	227,638
Americas [Member] | Operating Segments [Member] | Telecommunications Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	34,855	41,147	77,629	85,541
Americas [Member] | Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	13,158	7,480	26,259	14,146
Asia [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	174,170	197,628	361,579	392,750
Asia [Member] | Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	164,923	187,525	344,972	372,793
Asia [Member] | Operating Segments [Member] | Industrials Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	51,645	57,437	107,227	112,224
Asia [Member] | Operating Segments [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0	0	0
Asia [Member] | Operating Segments [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	41,446	34,101	81,904	72,364
Asia [Member] | Operating Segments [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	23,726	41,552	48,469	80,785
Asia [Member] | Operating Segments [Member] | Computing Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	12,731	17,528	26,741	32,428
Asia [Member] | Operating Segments [Member] | Telecommunications Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	35,375	36,907	80,631	74,992
Asia [Member] | Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	9,247	10,103	16,607	19,957
Europe [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	45,898	46,355	89,858	97,151
Europe [Member] | Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	45,675	46,268	89,489	97,017
Europe [Member] | Operating Segments [Member] | Industrials Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	19,401	16,711	37,424	34,885
Europe [Member] | Operating Segments [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	8,442	6,923	15,994	15,247
Europe [Member] | Operating Segments [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	4,779	3,152	9,387	6,971
Europe [Member] | Operating Segments [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	12,585	17,185	25,464	34,297
Europe [Member] | Operating Segments [Member] | Computing Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	52	1,692	85	4,109
Europe [Member] | Operating Segments [Member] | Telecommunications Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	416	605	1,135	1,508
Europe [Member] | Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 223	$ 87	$ 369	$ 134

Revenue (Narrative) (Details)

Revenue (Narrative) (Details)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Transferred Over Time [Member]
Disaggregation Of Revenue [Line Items]
Percentage Of Revenue	92.00%	95.00%

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional shares available for issuance	3.2		3.2
Compensation cost recognized for stock-based awards	$ 2.9	$ 2.5	$ 5.7	$ 5.4
Income tax benefit recognized in the income statement for stock-based awards	$ 0.7	$ 0.6	1.4	1.3
Total cash received as a result of stock option exercises			0.7	3.4
Tax benefit realized as a result of stock option exercises and the vesting of other share-based awards			1.6	1.9
Total intrinsic value of stock options exercised			$ 0.2	$ 2.2
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of options			10 years
Employee Awards [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
Employee Awards [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
Employee Awards [Member] | Performance-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Non-Employee Awards [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			1 year

Stock-Based Compensation (Sched

Stock-Based Compensation (Schedule Of Unrecognized Compensation Cost And Remaining Weighted-Average Amortization Period) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 23,128
Remaining weighted-average amortization period	2 years 8 months 12 days
Performance-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 5,925
Remaining weighted-average amortization period	1 year 9 months 18 days

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary Of Stock Options) (Details) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)$ / sharesshares
Stock-Based Compensation [Abstract]
Number of Options, Outstanding, Beginning balance | shares	374
Number of Options, Exercised | shares	(40)
Number of Options, Forfeited or expired | shares	(2)
Number of Options, Outstanding, Ending balance | shares	332
Number of Options, Exercisable as of June 30, 2019 | shares	332
Weighted-Average Exercise Price, Outstanding, Beginning balance | $ / shares	$ 20.35
Weighted-Average Exercise Price, Exercised | $ / shares	22.03
Weighted-Average Exercise Price, Forfeited or expired | $ / shares	23.07
Weighted-Average Exercise Price, Outstanding, Ending balance | $ / shares	20.13
Weighted-Average Exercise Price, Exercisable as of June 30, 2019 | $ / shares	$ 20.13
Weighted-Average Remaining Contractual Term (Years), Outstanding	3 years 9 months 3 days
Weighted-Average Remaining Contractual Term (Years), Exercisable as of June 30, 2019	3 years 9 months 3 days
Aggregate Intrinsic Value, Outstanding as of June 30, 2019 | $	$ 1,657
Aggregate Intrinsic Value, Exercisable as of June 30, 2019 | $	$ 1,657

Stock-Based Compensation (Sum_2

Stock-Based Compensation (Summary Of Stock-Based Awards) (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2019$ / sharesshares
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested shares outstanding, shares or units, beginning balance | shares	595
Granted, shares or units | shares	585
Vested, shares or units | shares	(185)
Forfeited, shares or units | shares	(44)
Non-vested shares outstanding, shares or units, ending balance | shares	951
Non-vested outstanding, weighted-average grant date fair value, beginning balance | $ / shares	$ 28.93
Granted, weighted-average grant date fair value | $ / shares	27.41
Vested, weighted-average grant date fair value | $ / shares	27.74
Forfeited, weighted-average grant date fair value | $ / shares	29.51
Non-vested outstanding, weighted-average grant date fair value, ending balance | $ / shares	$ 28.19
Performance-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested shares outstanding, shares or units, beginning balance | shares	319
Granted, shares or units | shares	188
Vested, shares or units | shares	(57)
Forfeited, shares or units | shares	(74)
Non-vested shares outstanding, shares or units, ending balance | shares	376
Non-vested outstanding, weighted-average grant date fair value, beginning balance | $ / shares	$ 29.19
Granted, weighted-average grant date fair value | $ / shares	27.51
Vested, weighted-average grant date fair value | $ / shares	31.40
Forfeited, weighted-average grant date fair value | $ / shares	21.01
Non-vested outstanding, weighted-average grant date fair value, ending balance | $ / shares	$ 28.96

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share Reconciliation [Line Items]
Net income (loss)	$ 9,447	$ 10,943	$ 23,220	$ (12,698)
Denominator for basic earnings per share - weighted-average number of common shares outstanding during the period	38,426	47,451	39,522	47,981
Denominator for diluted earnings per share	38,583	47,631	39,843	47,981
Basic earnings per share	$ 0.25	$ 0.23	$ 0.59	$ (0.26)
Diluted earnings per share	$ 0.24	$ 0.23	$ 0.58	$ (0.26)
Anti-dilutive securities to purchase common shares	400		100	300
Stock Options [Member]
Earnings Per Share Reconciliation [Line Items]
Incremental common shares attributable to stock-based awards	74	116	75	0
Restricted Stock Units [Member]
Earnings Per Share Reconciliation [Line Items]
Incremental common shares attributable to stock-based awards	83	64	246	0

Goodwill And Other Intangible_3

Goodwill And Other Intangible Assets (Narrative) (Details)	6 Months Ended
	Jun. 30, 2019
Minimum [Member] | Customer Relationships [Member]
Goodwill And Other Intangible Assets [Line Items]
Estimated useful life	10 years
Minimum [Member] | Purchased Software Costs [Member]
Goodwill And Other Intangible Assets [Line Items]
Estimated useful life	2 years
Maximum [Member] | Customer Relationships [Member]
Goodwill And Other Intangible Assets [Line Items]
Estimated useful life	14 years
Maximum [Member] | Purchased Software Costs [Member]
Goodwill And Other Intangible Assets [Line Items]
Estimated useful life	10 years

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Schedule of Goodwill by Reportable Segments) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Goodwill [Line Items]
Goodwill	$ 192,116	$ 192,116
Americas [Member]
Goodwill [Line Items]
Goodwill	154,014	154,014
Asia [Member]
Goodwill [Line Items]
Goodwill	$ 38,102	$ 38,102

Goodwill And Other Intangible_5

Goodwill And Other Intangible Assets (Schedule Of Other Intangible Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 178,005	$ 176,683
Accumulated amortization	(98,043)	(92,578)
Net carrying amount	79,962	84,105
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	100,138	100,146
Accumulated amortization	(43,825)	(40,661)
Net carrying amount	56,313	59,485
Purchased Software Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	40,399	39,069
Accumulated amortization	(31,371)	(30,626)
Net carrying amount	9,028	8,443
Technology Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	28,800	28,800
Accumulated amortization	(22,550)	(21,006)
Net carrying amount	6,250	7,794
Trade Names and Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	7,800	7,800
Accumulated amortization	0	0
Net carrying amount	7,800	7,800
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	868	868
Accumulated amortization	(297)	(285)
Net carrying amount	$ 571	$ 583

Goodwill And Other Intangible_6

Goodwill And Other Intangible Assets (Schedule Of Amortization Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Goodwill And Other Intangible Assets [Abstract]
Amortization of intangible assets	$ 2,361	$ 2,367	$ 4,728	$ 4,733
Amortization of capitalized purchased software costs			747	540
Amortization of debt costs			230	437
Total amortization			$ 5,705	$ 5,710

Goodwill And Other Intangible_7

Goodwill And Other Intangible Assets (Schedule Of Estimated Future Amortization Expense) (Details) $ in Thousands	Jun. 30, 2019USD ($)
Goodwill And Other Intangible Assets [Abstract]
2019 (remaining six months)	$ 5,733
2020	10,706
2021	7,699
2022	7,621
2023	$ 6,463

Borrowing Facilities (Details)

Borrowing Facilities (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019THB (฿)	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Jul. 20, 2018USD ($)
Credit Agreement [Member]
Line of Credit Facility [Line Items]
Credit Agreement capacity			$ 650
Description of variable interest rate basis		Interest on outstanding borrowings under the Credit Agreement (other than swingline loans) accrues, at the Company’s option, at (a) the London Interbank Offered Rate (LIBOR) plus 1.0% to 2.0% or (b) the base rate plus 0.0% to 1.0%.
Credit Agreement covenant terms		The Credit Agreement contains certain financial covenants as to interest coverage and debt leverage, and certain customary affirmative and negative covenants, including restrictions on the Company’s ability to incur additional debt and liens, pay dividends, repurchase shares, sell assets and merge or consolidate with other persons. Amounts due under the Credit Agreement could be accelerated upon specified events of default, including a failure to pay amounts due, breach of a covenant, material inaccuracy of a representation, or occurrence of bankruptcy or insolvency, subject, in some cases, to cure periods.
Credit agreement, secured by percentage of stock of the Company's domestic subsidiaries		100.00%
Credit agreement, secured by percentage of voting capital stock of each direct foreign subsidiary		65.00%
Credit Agreement covenant compliance		As of June 30, 2019, the Company was in compliance with all of these covenants and restrictions.
Credit Agreement [Member] | Bank Of America Credit Agreement [Member]
Line of Credit Facility [Line Items]
Credit Agreement description		On July 20, 2018, the Company entered into a $650 million credit agreement (the Credit Agreement) by and among the Company, certain of its subsidiaries, the lenders party thereto and Bank of America, N.A., as Administrative Agent, Swingline Lender and a L/C Issuer. The Credit Agreement is comprised of a 5-year $500 million revolving credit facility (the Revolving Credit Facility) and a 5-year $150 million term loan facility (the Term Loan Facility), both with a maturity date of July 20, 2023. The Term Loan Facility proceeds were used to (i) refinance a portion of existing indebtedness and terminate all commitments under the Company’s prior $430 million credit agreement and (ii) pay the fees, costs and expenses associated with the foregoing and the negotiation, execution and delivery of the Credit Agreement. The Revolving Credit Facility is available for general corporate purposes. The Credit Agreement includes an accordion feature pursuant to which the Company is permitted to add one or more incremental term loan and/or increase commitments under the Revolving Credit Facility in an aggregate amount not exceeding $275 million, subject to the satisfaction of certain conditions.
Credit Agreement issuer		Bank of America, N.A., as Administrative Agent, Swingline Lender and a L/C Issuer
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit Agreement capacity			500
Term period		5 years
Credit Agreement maturity date	Jul. 20, 2023
Possible increase to total commitments under Credit Agreement			275
Letters of credit outstanding amount			3
Revolving credit facility, available for future borrowings			497
Term Loan Facility [Member]
Line of Credit Facility [Line Items]
Term period		5 years
Credit Agreement maturity date	Jul. 20, 2023
Term Loan proceeds				$ 150
Term Loan frequency of periodic payments		quarterly
Derivative Notional Amount			148.1
Principal amount			148.1
Term Loan Facility [Member] | Interest Rate Swap [Member]
Line of Credit Facility [Line Items]
Derivative Notional Amount			148.1
Term Loan Facility [Member] | Bank Of America Credit Agreement [Member]
Line of Credit Facility [Line Items]
Quarterly principal installments		$ 1.9
Thailand Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit Agreement maturity date		Oct. 31, 2020
Benchmark Electronics (Thailand) Public Company Limited [Member] | Thailand Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit Agreement capacity	฿ 350,000,000		$ 11.4
Minimum [Member] | Credit Agreement [Member]
Line of Credit Facility [Line Items]
U.S. Credit facility, commitment fee		0.20%
Maximum [Member] | Credit Agreement [Member]
Line of Credit Facility [Line Items]
U.S. Credit facility, commitment fee		0.30%
LIBOR Plus [Member] | Minimum [Member] | Credit Agreement [Member]
Line of Credit Facility [Line Items]
U.S. Credit facility, commitment fee		1.00%
LIBOR Plus [Member] | Maximum [Member] | Credit Agreement [Member]
Line of Credit Facility [Line Items]
U.S. Credit facility, commitment fee		2.00%
Alternate Base Rate Plus [Member] | Minimum [Member] | Credit Agreement [Member]
Line of Credit Facility [Line Items]
U.S. Credit facility, commitment fee		0.00%
Alternate Base Rate Plus [Member] | Maximum [Member] | Credit Agreement [Member]
Line of Credit Facility [Line Items]
U.S. Credit facility, commitment fee		1.00%

Contract Assets (Narrative) (De

Contract Assets (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Contract With Customer Asset And Liability [Abstract]
Contract assets	$ 155,546	$ 140,082

Contract Assets (Schedule Of Ch

Contract Assets (Schedule Of Changes) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Change In Contract With Customer Asset [Abstract]
Beginning balance, December 31	$ 140,082	$ 146,496
Revenue recognized	1,109,396	1,179,105
Amounts collected or invoiced	(1,093,932)	(1,177,370)
Ending balance, June 30	$ 155,546	$ 148,231

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventory Costs) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Inventories [Abstract]
Raw materials	$ 305,235	$ 300,439
Work in process	6,631	7,321
Finished goods	4,371	2,215
Inventories	$ 316,237	$ 309,975

Accounts Receivable Sale Prog_2

Accounts Receivable Sale Program (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Receivables [Abstract]
Maximum Limit Accounts Receivable Sale Program			$ 120
Trade Accounts Receivable Sold	$ 77.7	$ 40	130.6	$ 80
Amount Received From Trade Accounts Receivable Sold To Third Party	$ 77.4	$ 39.9	$ 130.2	$ 79.8

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Income Taxes [Line Items]
Cumulative undistributed earnings of foreign subsidiaries				$ 330,000
Income tax incentives		$ 3,028	$ 6,590
Net impact of tax incentives, per diluted share		$ 0.08	$ 0.14
Unrecognized tax benefits including interest and penalties		$ 400
Accrued income tax penalties and interest on unrecognized tax benefits		100
State And Local Jurisdiction [Member]
Income Taxes [Line Items]
Income tax expense on foreign earnings expected to be repatriated	$ 9,400
Foreign Country [Member]
Income Taxes [Line Items]
Income tax expense on foreign earnings expected to be repatriated	$ 30,700
China [Member]
Income Taxes [Line Items]
Income tax incentives		$ 0	$ 969
Malaysia [Member}
Income Taxes [Line Items]
Income tax holidays expiration date		2021
Income tax incentives		$ 1,486	2,551
Thailand [Member]
Income Taxes [Line Items]
Income tax holidays expiration date		2028
Income tax incentives		$ 1,542	$ 3,070

Income Taxes (Schedule Of Incom

Income Taxes (Schedule Of Income Tax Expense (Benefit)) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Taxes [Abstract]
Federal - Current			$ 62	$ (81)
Foreign - Current			3,747	24,992
State - Current			879	7,712
Deferred			1,555	10,936
Total income tax expense	$ 2,637	$ 2,403	$ 6,243	$ 43,559

Income Taxes (Schedule Of Tax I

Income Taxes (Schedule Of Tax Incentives) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Income tax incentives	$ 3,028	$ 6,590
China [Member]
Income tax incentives	0	969
Malaysia [Member}
Income tax incentives	1,486	2,551
Thailand [Member]
Income tax incentives	$ 1,542	$ 3,070

Segment And Geographic Inform_3

Segment And Geographic Information (Operating Segments) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Net sales	$ 601,602	$ 660,591	$ 1,204,422	$ 1,268,727
Depreciation and amortization	11,953	12,699	24,125	25,083
Income from operations	11,941	14,349	28,028	32,316
Interest expense	(1,718)	(2,293)	(3,327)	(4,721)
Interest income	1,053	1,645	2,350	3,578
Other income (expense)	808	(355)	2,412	(312)
Income before income taxes	12,084	13,346	29,463	30,861
Capital expenditures	5,421	17,486	15,495	38,363
Total assets	1,827,878		1,827,878		$ 1,899,783
Elimination Of Intersegment Sales [Member]
Segment Reporting Information [Line Items]
Net sales	(22,628)	(17,670)	(43,235)	(34,237)
Corporate And Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income from operations	(20,747)	(20,202)	(41,213)	(39,616)
Americas [Member]
Segment Reporting Information [Line Items]
Net sales	404,162	434,278	796,220	813,063
Depreciation and amortization	5,296	5,816	10,677	11,425
Income from operations	17,332	15,522	37,560	32,259
Capital expenditures	2,947	12,545	7,700	25,394
Total assets	808,824		808,824		852,776
Asia [Member]
Segment Reporting Information [Line Items]
Net sales	174,170	197,628	361,579	392,750
Depreciation and amortization	2,732	2,871	5,543	5,693
Income from operations	13,072	16,829	28,457	34,478
Capital expenditures	1,098	2,937	3,936	8,650
Total assets	543,801		543,801		540,094
Europe [Member]
Segment Reporting Information [Line Items]
Net sales	45,898	46,355	89,858	97,151
Depreciation and amortization	758	900	1,572	1,784
Income from operations	2,284	2,200	3,224	5,195
Capital expenditures	343	630	731	1,652
Total assets	135,214		135,214		113,165
Corporate And Other [Member]
Segment Reporting Information [Line Items]
Total assets	340,039		340,039		$ 393,748
Corporate [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	3,167	3,112	6,333	6,181
Capital expenditures	$ 1,033	$ 1,374	$ 3,128	$ 2,667

Segment And Geographic Inform_4

Segment And Geographic Information (Schedule Of Geographic Net Sales And Long-Lived Assets) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Geographic net sales	$ 601,602	$ 660,591	$ 1,204,422	$ 1,268,727
Long-lived assets	375,683		375,683		$ 301,589
United States [Member]
Segment Reporting Information [Line Items]
Geographic net sales	416,465	449,598	834,829	841,565
Long-lived assets	248,272		248,272		190,056
Asia [Member]
Segment Reporting Information [Line Items]
Geographic net sales	91,745	115,914	178,369	222,905
Long-lived assets	79,193		79,193		79,051
Europe [Member]
Segment Reporting Information [Line Items]
Geographic net sales	65,048	73,040	138,393	153,581
Long-lived assets	21,220		21,220		9,537
Other Foreign [Member]
Segment Reporting Information [Line Items]
Geographic net sales	28,344	$ 22,039	52,831	$ 50,676
Long-lived assets	$ 26,998		$ 26,998		$ 22,945

Supplemental Cash Flow and No_3

Supplemental Cash Flow and Non-Cash Information (Table Of Supplmental Cash Flow Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Supplemental Cash Flow Information [Abstract]
Income taxes paid, net	$ 12,042	$ 22,336	$ 14,284	$ 23,752
Interest paid	$ 2,032	$ 2,062	4,022	4,318
Cash Flow Non-cash Investing And Financing Activities Disclosure [Abstract]
Additions to property, plant and equipment in accounts payable			$ 5,660	$ 5,960

Restructuring Charges (Schedule

Restructuring Charges (Schedule Of Accrued Restructuring Balances) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Restructuring Cost and Reserve [Line Items]
Beginning Balance	$ 1,335
Restructuring charges	2,334
Cash Payment	(2,789)
Non-Cash Activity	(834)
Foreign Exchange Adjustments	(4)
Ending Balance	42
2019 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	0
Restructuring charges	1,873
Cash Payment	(1,004)
Non-Cash Activity	(834)
Foreign Exchange Adjustments	0
Ending Balance	35
2018 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	1,200
Restructuring charges	461
Cash Payment	(1,661)
Non-Cash Activity	0
Foreign Exchange Adjustments	0
Ending Balance	0
2017 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	135
Restructuring charges	0
Cash Payment	(124)
Non-Cash Activity	0
Foreign Exchange Adjustments	(4)
Ending Balance	7
Severance [Member] | 2019 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	0
Restructuring Reserve Accrual Adjustment	579
Cash Payment	(579)
Non-Cash Activity	0
Foreign Exchange Adjustments	0
Ending Balance	0
Severance [Member] | 2018 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	282
Restructuring charges	0
Cash Payment	(282)
Non-Cash Activity	0
Foreign Exchange Adjustments	0
Ending Balance	0
Other Exit Costs [Member] | 2019 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	0
Restructuring charges	1,294
Cash Payment	(425)
Non-Cash Activity	(834)
Foreign Exchange Adjustments	0
Ending Balance	35
Other Exit Costs [Member] | 2018 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	918
Restructuring charges	461
Cash Payment	(1,379)
Non-Cash Activity	0
Foreign Exchange Adjustments	0
Ending Balance	0
Other Exit Costs [Member] | 2017 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	135
Restructuring charges	0
Cash Payment	(124)
Non-Cash Activity	0
Foreign Exchange Adjustments	(4)
Ending Balance	$ 7

Fair Value (Narrative) (Details

Fair Value (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Unrealized gain (loss) on derivative, net of tax	$ (2,261)	$ 244	$ (3,546)	$ 1,077
Amounts reclassified from accumulated other comprehensive loss, net of tax			605
Interest Rate Swap [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Interest rate swap notional amount	$ 148,100		$ 148,100		$ 148,100	$ 155,300
Fixed interest rate	2.928%		2.928%		2.928%	1.4935%
Fair value of interest rate swap	$ 7,000		$ 7,000		$ 3,000
Unrealized loss on interest rate swap			4,000
Unrealized gain (loss) on derivative, net of tax			3,000
Gain On Contract Termination					$ 3,500
Amounts reclassified from accumulated other comprehensive loss			800
Amounts reclassified from accumulated other comprehensive loss, net of tax			$ 600

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Schedule Of Accumulated Other Comprehensive Loss By Component) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Accumulated other comprehensive income loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance			$ (11,124)
Other comprehensive loss before reclassifications			(3,395)
Amounts reclassified from accumulated other comprehensive loss, net of tax			(605)
Other comprehensive loss	$ (1,867)	$ (2,367)	(4,000)	$ (202)
Accumulated other comprehensive loss, net of tax, ending balance	(15,124)		(15,124)
Foreign currency translaction adjustments [Member]
Accumulated other comprehensive income loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance			(11,840)
Other comprehensive loss before reclassifications			(248)
Amounts reclassified from accumulated other comprehensive loss, net of tax			0
Other comprehensive loss			(248)
Accumulated other comprehensive loss, net of tax, ending balance	(12,088)		(12,088)
Derivative instruments, net of tax [Member]
Accumulated other comprehensive income loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance			116
Other comprehensive loss before reclassifications			(2,971)
Amounts reclassified from accumulated other comprehensive loss, net of tax			(575)
Other comprehensive loss			(3,546)
Accumulated other comprehensive loss, net of tax, ending balance	(3,430)		(3,430)
Other, net of tax [Member]
Accumulated other comprehensive income loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance			600
Other comprehensive loss before reclassifications			(176)
Amounts reclassified from accumulated other comprehensive loss, net of tax			(30)
Other comprehensive loss			(206)
Accumulated other comprehensive loss, net of tax, ending balance	$ 394		$ 394

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	Jul. 12, 2019	Jun. 30, 2019	Oct. 26, 2018	Mar. 06, 2018
Dividends Payable [Line Items]
Quarterly cash dividend declared		$ 0.15
Dividend declared date		Jun. 13, 2019
Dividend record date		Jun. 28, 2019
Dividends paid		$ 12.1
Dividend paid date		Jul. 12, 2019
Equity Class Of Treasury Stock [Line Items]
Repurchase of common shares program authorized amount			$ 100	$ 250
Repurchase of common shares remaining authorized amount		$ 101.5
Subsequent Event [Member]
Dividends Payable [Line Items]
Dividends paid	$ 5.7

Leases - Components of lease ex

Leases - Components of lease expense, and lease assets and liabilities (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Lease Cost
Amortization of right-to-use assets (included in depreciation expense)	$ 178	$ 356
Interest on lease liabilities	141	287
Operating lease cost	4,232	8,680
Short-term lease cost	121	321
Variable lease cost	371	737
Total lease cost	5,043	10,381
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance lease		303
Operating cash flows from operating leases		7,447
Financing cash flows from finance lease		566
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability		15,206
Assets and Liabilities, Lessee [Abstract]
Finance lease right-of-assets (included in other assets)	$ 2,667	$ 2,667
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other, net	Other, net
Operating lease right-of-use assets	$ 83,985	$ 83,985	$ 0
Finance liability, current (included in current installments of long-term debt)	$ 1,244	$ 1,244
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Long Term Debt And Capital Lease Obligations Current	Long Term Debt And Capital Lease Obligations Current
Finance lease liability, noncurrent (included in long-term debt)	$ 4,338	$ 4,338
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long Term Debt And Capital Lease Obligations	Long Term Debt And Capital Lease Obligations
Operating lease liability, current (included in other accrued liabilities)	$ 11,737	$ 11,737
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other Liabilities, Current	Other Liabilities, Current
Operating lease liability, noncurrent	$ 73,878	$ 73,878	$ 0
Weighted average remaining lease term finance leases	3 years 9 months 18 days	3 years 9 months 18 days
Weighted average remaining lease term operating leases	10 years 3 months 18 days	10 years 3 months 18 days
Weighted average discount rate finance leases	10.10%	10.10%
Weighted average discount rate operating leases	4.70%	4.70%

Leases - Future annual minimum

Leases - Future annual minimum lease payments and finance lease commitments (Details) $ in Thousands	Jun. 30, 2019USD ($)
Operating Leases
2019 (remaining six months)	$ 7,785
2020	14,544
2021	12,236
2022	10,512
2023	9,892
2024 and thereafter	55,185
Total minimum lease payments	110,154
Finance Lease, Liability, Payment, Due [Abstract]
2019 (remaining six months)	877
2020	1,781
2021	1,816
2022	1,853
2023	465
2024 and thereafter	0
Total minimum lease payments	$ 6,792

Leases - Future annual minimu_2

Leases - Future annual minimum lease payments and finance lease commitments - Present value of lease liabilities (Details) $ in Thousands	Jun. 30, 2019USD ($)
Present value of lease liabilities - Operating Leases
Total minimum lease payments	$ 110,154
Less: imputed interest	(24,539)
Present value of lease liabilities	85,615
Finance Lease Liabilities, Gross Difference, Amount [Abstract]
Total minimum lease payments	6,792
Less: imputed interest	(1,210)
Present value of lease liabilities	$ 5,582

Leases (Schedule Of Future Mini

Leases (Schedule Of Future Minimum Lease Payments Under Noncancelable Operating Leases And Future Minimum Capital Lease Payments) (Details) $ in Thousands	Dec. 31, 2018USD ($)
Commitments [Abstract]
Capital Leases, 2019	$ 1,746
Capital Leases, 2020	1,781
Capital Leases, 2021	1,816
Capital Leases, 2022	1,853
Capital Leases, 2023	465
Capital Leases, thereafter	0
Capital Leases, total minimum lease payments	7,661
Less: amount representing interest	1,514
Present value of minimum lease payments	6,147
Less: current installments	1,168
Capital lease obligations, less current installments	4,979
Operating Leases, 2019	15,272
Operating Leases, 2020	14,518
Operating Leases, 2021	12,203
Operating Leases, 2022	10,466
Operating Leases, 2023	9,890
Operating Leases, thereafter	47,868
Operating Leases, total minimum lease payments	$ 110,217

Leases - Narrative (Details)

Leases - Narrative (Details)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Lessee, Operating Lease, Description	expire at various dates through 2036
Lessee, Operating Lease, Variable Lease Payment, Terms and Conditions	Variable lease payments are generally expensed as incurred and include certain index-based changes in rent, certain nonlease components, such as maintenance and other services provided by the lessor, and other charges included in the lease.